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India Will Scrap 2,000 Rupee Notes, Echoing 2016 Demonetization

The New York Times: Banking

The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.

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Roblox acquires voice moderation startup Speechly

TechCrunch: M&A

The Helsinki, Finland-based startup Speechly was founded in 2016 with the […]

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Healthcare & Life Sciences Private Equity Deal Tracker: New Mountain to Acquire Machinify

JD Supra: Mergers

Machinify, founded in 2016 and based in Palo Alto, California, is a provider of artificial intelligence (AI)-powered software focused on healthcare claims and payments. New Mountain Capital has announced it will acquire Machinify. By: McGuireWoods LLP

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ILPA Releases New Reporting and Performance Templates

JD Supra: Mergers

On January 22, the Institutional Limited Partners Association (ILPA) released an update to its 2016 Reporting Template and unveiled a new Performance Template. Together, the goal of these documents is to enhance and standardize fee and expense reporting and performance disclosure to private fund investors. By: Paul Hastings LLP

Funds 161
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State Street’s $7.45MM OFAC Penalty Highlights Importance of Sanctions in M&A Due Diligence

JD Supra: Mergers

million penalty against State Street Bank and Trust Company and its non-bank, fintech subsidiary Charles River Systems for 38 apparent violations of the Ukraine/Russia-Related Sanctions Regulations, which occurred between December 2016 and May 2020. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has released a $7.45

M&A 182
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Delaware Supreme Court Upholds Tesla's 2016 Acquisition of SolarCity Under Entire Fairness Test

JD Supra: Mergers

On June 6, 2023, in a unanimous decision written by Justice Karen L. Valihura, the Delaware Supreme Court affirmed the Court of Chancery’s April 27, 2022, opinion in In re Tesla Motors, Inc. Stockholder Litigation. By: McGuireWoods LLP

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Healthcare & Life Sciences Private Equity Deal Tracker: KKR Acquires SunFire

JD Supra: Mergers

SunFire, founded in 2016 and based in Carlisle, Mass., KKR has acquired SunFireMatrix, according to a news release. is a software and services company providing solutions for the Medicare insurance market. By: McGuireWoods LLP